TITLE: USD/ILS REVERSAL LONG SET UP
Asset : EXOTIC
Type : BUY Limit Order
Time Frame : MONTHLY
Entry 1 $3.4278
Entry 2 $3.3930
Sl $3.3610
Tp.1 $3.4678
Tp.2 $3.4930
Tp.3 $3.56478
tp.4 $3.6890
tp.5 $4.000
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Despite the struggling Israeli economy, the shekel remains strong and determined against the US dollar. The pair is bound to hit its support in the first half of June. Bearish investors are brushing off the concerns about Israel’s economy and are focused on taking advantage of the broader weakness of the greenback. Although this week was full of concerning news...
The first 3.50 test triggered development from the Bank of Israel, it shows how quickly the zone can be protected and the tables are turned. Intervention is clear, smelling it a mile off here and makes the short-term opportunity towards the highs an attractive option. When the CB like Israels comes out to say that the currency has gone too far and they wont...
As Israel’s stock market continues to close higher, the odds will continue to favor bearish investors. The USD/ILS trading pair is mainly driven by the positivity in the Israeli market and the negativity in the United States economy. The Israeli shekel is bound to recover its major losses against the US dollar from earlier this year, maintaining its commendable...
This pair has shown a shy sign for the UP MOVE, however, it is not yet breaking the blue line. I need to see another daily green candle on this pair to start buying it , otherwise, I am neutral for this pair taking into consideration that the TREND is still moving to the DOWNSIDE.
MOVES Trading is a new strategy benefiting from both UP & DOWN MOVES with the...
Let price test the dotted or regular blue lines and short it one you see a proper price action. We do not have any reasons to long this pair for the time being.
MOVES Trading is a new strategy benefiting from both UP & DOWN MOVES with the ability to determine TOPS and BOTTOMS for each MOVE depending on moving averages, trend and price action.
The pair will continue to move higher in the following days and break out from its previous high. South Africa was able to flatten the curve of its coronavirus cases. However, the World Health Organization provided a grim outlook on the African region. The WHO said Africa might experience a rise of coronavirus cases up to 10 million in the next 6 months. Despite...
The pair will break down from a key support line, sending the pair lower towards a downtrend support line. A demonstration happened in Israel despite the coronavirus outbreak. The rally calls for the incumbent prime minister, Benjamin Netanyahu, to resign. In recent months, the Israeli government came under pressure after Netanyahu failed to form a coalition...
This pair has formed a bottom and a recent top and shorting it to the prior bottom is a good idea. Let it move up slightly and short it once you see a price action. This trade and a short term trade and should be watched closely.
MOVES Trading is a new strategy benefiting from both UP & DOWN MOVES with the ability to determine TOPS and BOTTOMS for each MOVE...
